ST. GEORGE — SkyWest Inc. on Friday announced its estimated first-quarter net income.
The company said income should be between $33.9 million and $37.8 million, with earnings per diluted share of 56 cents to 62 cents, below analysts' estimates. The company will announce results May 3.
SkyWest, which operates St. George-based SkyWest Airlines and Atlanta-based Atlantic Southeast Airlines, said the reduced results were due to "atypical" factors, including a failure to reach operational objectives, start-up costs associated with the delivery of 10 new jets and stock option expenses.
View Comments
The company's stock fell $2.45, or 8.5 percent, on Friday to close at $26.23 per share on Nasdaq. In the past year, it has ranged from $17.29 to $34.09.